Homework Answers
| SIMON COMPANY | ||||||
| Common -Size Comparative Balance Sheets | ||||||
| For December 31 | ||||||
| Current year | 1 year ago | 2 years ago | ||||
| Assets : | ||||||
| Cash | 6.0 { 28,741/477,580} | % | 8.2 {33,595/411,707} | % | 10.0 {35,366/353,700} | % |
| Accounts receivable, net | 16.9 { 80,850/477,580} | % | 14.1 {58,215/411,707} | % | 13.5 {47,622/353,700} | % |
| Merchandise inventory | 21.3 {101,653/477,580} | % | 18.5 {76,166/411,707} | % | 14.2 {50,225/353,700} | % |
| Prepaid expenses | 1.90 { 9,074/477,580} | % | 2.2 {8,905/411,707} | % | 1.1 {3,813/353,700} | % |
| Plant assets , net | 53.9 { 257,262/477,580} | % | 57.0 {234,826/411,707} | % | 61.3 {216,674/353,700} | % |
| Total assets | 100 { 477580/477,580} | % | 100 {411,707/411,707} | % | 100 {353,700/353,700} | % |
| liabilities and Equity : | ||||||
| Accounts payable | 24.2 {115,350/477,580} | % | 16.7 {68,883/411,707} | % | 13.3 {47,155/353,700} | % |
| long term notes payable secured by mortgages on plant assets | 19.0 {90,683/477,580} | % | 22.8 {93,746/411,707} | % | 22.3 {78,949/353,700} | % |
| Common stock , $ 10 par value | 34.2 {163,500/477,580} | % | 39.7 {163,500/411,707} | % | 46.2 {163,500/353,700} | % |
| Retained earnings | 22.6 {108,047/477,580} | % | 20.8 {85,578/411,707} | % | 18.1 {64,096/353,700} | % |
| Total liabilities and Equity | 100 { 477580/477,580} | % | 100 {411,707/411,707} | % | 100 {353,700/353,700} | % |
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ercise 13-6 Common-size percents LO P2 mon Company's year-end balance sheets follow. Current Yr 1 Yr...
Exercise 13-6 Common-size percents LO P2 Simon Company's year-end balance sheets follow. Current Yr 1 Yr...
Exercise 13-6 Common-size percents LO P2 Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 26,310 77,041 99,830 8,910 247,637 $ 459,728 $ 32,339 $ 32,696 54,930 44,916 71,119 46,897 8,406 3,560...
Exercise 13-6 Common-size percents LO P2 Simon Company's year-end balance sheets follow. Current Yr 1 Yr...
Exercise 13-6 Common-size percents LO P2 Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 32,972 93,653 121,355 10,300 300,573 $558,853 $ 39,312 $ 38,172 65,424 51,421 90,910 57,574 10,117 4,329 276,007...
Exercise 13-6 Common-size percents LO P2 Simon Company's year-end balance sheets follow. Current Yr 1 Yr...
Exercise 13-6 Common-size percents LO P2 Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 30,524 88.468 106.826 9.927 276,488 $ 512,233 $ 35,680 $ 37,902 63,676 50,046 80,058 53,837 EL 9,366...
Exercise 13-6 Common-size percents LO P2 Simon Company's year-end balance sheets follow. Current Yri Yr Ago...
Exercise 13-6 Common-size percents LO P2 Simon Company's year-end balance sheets follow. Current Yri Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 27,842 81,493 102,462 8,877 246,551 $ 467,225 $ 31,900 $ 33,908 55,825 46,114 74,514 48,635 8,458 3,805 232,083...
Exercise 13-6 Common-size percents LO P2 Simon Company's year-end balance sheets follow. Current Yr 1 Yr...
Exercise 13-6 Common-size percents LO P2 Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 28,970 84,802 103,456 9,329 264,452 $ 491,009 $ 34,201 $ 34,921 59,260 47,032 75,958 51,101 9,156 3,998...
Simon Company's year end balance sheets follow Current Yr 1 Yr Ago 2 Yrs Ago At...
Simon Company's year end balance sheets follow Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, 310 par value Retained earnings Total liabilities and equity $ 31,800 89,500 112,500 10,700 278,500 $ 523,000 $ 35,625 $ 37,800 62,500 50,200 82,500 54,000 9,375 5,000 255,000 230, 500 $445,000 5...
exercise 13-6 ammon-size percents Simon Company's year-end balance sheets follow. (1) Express the balance sheets in...
exercise 13-6 ammon-size percents Simon Company's year-end balance sheets follow. (1) Express the balance sheets in common-size per- cents. Round percents to one decimal. (2) Assuming annual sales have not changed in the last three years, is the change in accounts receivable as a percentage of total assets favorable or unfavorable? (3) Is the change in merchandise inventory as a percentage of total assets favorable or unfavorable? Chapter 13 Analysis of Financial Statements Current Yr 1 Yr Ago 2 Yrs...
Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs...
Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 26,870 $ 32,049 $ 32,079 Accounts receivable, net 79,466 56,647 42,340 Merchandise inventory 101,912 71,890 46,012 Prepaid expenses 8,565 8,581 3,636 Plant assets, net 247,900 231,448 203,233 Total assets $ 464,713 $ 400,615 $ 327,300 Liabilities and Equity Accounts payable $ 118,028 $ 69,058 $ 43,636 Long-term notes payable secured by mortgages on plant assets 85,619 93,984 71,610 Common stock,...
Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December...
Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 32,897 99,198 118,669 11,022 301,425 $ 563,211 $ 38,842 $ 39,263 66,614 53,937 88,924 58,592 10,298 4,318 280,849 244,490 $ 485,527 $ 400,600...
Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December...
Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 25, 113 75,013 94,315 8,005 231,884 $ 434,330 $ 30, 253 $ 29,981 53, 467 41,186 69,268 42,569 7,706 3,432 213,728 188,732 $...
Exercise 13-6 Common-size percents LO P2 Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 26,310 77,041 99,830 8,910 247,637 $ 459,728 $ 32,339 $ 32,696 54,930 44,916 71,119 46,897 8,406 3,560...
Exercise 13-6 Common-size percents LO P2 Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 32,972 93,653 121,355 10,300 300,573 $558,853 $ 39,312 $ 38,172 65,424 51,421 90,910 57,574 10,117 4,329 276,007...
Exercise 13-6 Common-size percents LO P2 Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 30,524 88.468 106.826 9.927 276,488 $ 512,233 $ 35,680 $ 37,902 63,676 50,046 80,058 53,837 EL 9,366...
Exercise 13-6 Common-size percents LO P2 Simon Company's year-end balance sheets follow. Current Yri Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 27,842 81,493 102,462 8,877 246,551 $ 467,225 $ 31,900 $ 33,908 55,825 46,114 74,514 48,635 8,458 3,805 232,083...
Exercise 13-6 Common-size percents LO P2 Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 28,970 84,802 103,456 9,329 264,452 $ 491,009 $ 34,201 $ 34,921 59,260 47,032 75,958 51,101 9,156 3,998...
Simon Company's year end balance sheets follow Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, 310 par value Retained earnings Total liabilities and equity $ 31,800 89,500 112,500 10,700 278,500 $ 523,000 $ 35,625 $ 37,800 62,500 50,200 82,500 54,000 9,375 5,000 255,000 230, 500 $445,000 5...
exercise 13-6 ammon-size percents Simon Company's year-end balance sheets follow. (1) Express the balance sheets in common-size per- cents. Round percents to one decimal. (2) Assuming annual sales have not changed in the last three years, is the change in accounts receivable as a percentage of total assets favorable or unfavorable? (3) Is the change in merchandise inventory as a percentage of total assets favorable or unfavorable? Chapter 13 Analysis of Financial Statements Current Yr 1 Yr Ago 2 Yrs...
Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 32,897 99,198 118,669 11,022 301,425 $ 563,211 $ 38,842 $ 39,263 66,614 53,937 88,924 58,592 10,298 4,318 280,849 244,490 $ 485,527 $ 400,600...
Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 25, 113 75,013 94,315 8,005 231,884 $ 434,330 $ 30, 253 $ 29,981 53, 467 41,186 69,268 42,569 7,706 3,432 213,728 188,732 $...
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